S4 EP 235: Shared Housing as a Profitable Way to Make Money with Frank Furman

REady2Scale - Real Estate Investing

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“You were typically seeing about double the yield. And the way to think about this, to get there, you need to be increasing your gross rents by a fair amount because you do have those added cost, potentially maintenance, but certainly utilities, which are bundled and our fee.” Shared housing as an investment is a relatively new concept, but one that has already shown promise. Today’s guest is Frank Furman, COO and founding team member of PadSplit - a privatized housing company that is focused on providing affordable housing. Listen in to learn exactly what shared housing is and how this emerging market is becoming a lucrative investment model while making a positive social impact. We'll also discuss some of the risks involved in this type of investment and tips for minimizing those risks. Key Takeaway Impact investing is a rapidly growing trend, but it’s important to find the right balance between making profitable investments while still adding in the social impact elements to be successful. How to Contact Frank: frank@padsplit.com Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Video Editing: Sean Barry Audio Editing: WEP (We Edit Podcasts) Special Guests: Frank Furman Learn more about your ad choices. Visit megaphone.fm/adchoices